PLTK - AMC and Match Group lead Discovery dips in week in Communications stocks

On a holiday-shortened trading week, gainers and losers in Communications Services stocks tended to have their own stories supporting moves up or down, even though the broader market finished lower in each trading session of the week. The Communications Services Select Sector SPDR (NYSEARCA:XLC) as a whole at least reflected that fact, slipping 1.4% for the four days. AMC Entertainment (NYSE:AMC) rarely trades on fundamentals this year, but nonetheless it made a leg higher on Tuesday following unreservedly positive news from the weekend box office, where Shang-Chi and the Legend of the Ten Rings crushed holiday gross records with a $90 million four-day opening. Match Group (NASDAQ:MTCH) was the second-best gainer among large-caps, up 11.7% for the week, and it moved up on two catalysts this week: First, the weekend's news that it's joining the S&P 500 led to Tuesday's gain; and the stock moved again Friday after a key ruling on

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AMC and Match Group lead, Discovery dips in week in Communications stocks